Skip to content
Subscriber Only

Lagarde Says World Finance Not Safe Enough 10 Years After Lehman

  • IMF chief worried by pressure to roll back regulation
  • Crisis fallout has also weakened international cooperation
Bloomberg business news
The Lessons Learned From the 2008 Financial Crisis

A decade after the global crisis with financial systems “safer but not safe enough,” the regulatory pendulum has begun to swing back toward looser oversight, International Monetary Fund Managing Director Christine Lagarde warned.

In a blog post on Wednesday, Lagarde offered a short-list of concerns over lingering vulnerabilities in the global financial system. She said too many banks, especially in Europe, remain weak and require more capital, while the increased size and complexity of institutions means “too-big-to-fail” remains a problem.